What does IBAN mean in the payment details section?
IBAN stands for "International Bank Account Number." It is a unique identifier used to facilitate international money transfers. The IBAN helps banks and financial institutions ensure that payments are directed to the correct accounts across different countries, thus minimizing errors and delays in processing.
When providing your IBAN for transactions, it's crucial to enter the correct details. Accurate IBAN information leads to faster payments, as it reduces the risk of misrouting funds and the need for banks to contact you for clarification. This ensures that your transactions are completed efficiently and without unnecessary hold-ups.
If you need assistance with your IBAN or have questions about your bank account details, please reach out to your bank for more information.
For reference, here is an example of EZmob's IBAN: IL89012532000***0554256.
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Updated on: 06/12/2025
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